Choose the One Most Appropriate Answer for Each

question 28

Multiple Choice

Choose the one most appropriate answer for each.
-producers of goods and services that are not exported;also called service or filler industries

• A)age distribution
• B)base industry
• C)buying pattern
• D)cost-push inflation
• E)demand
• F)demand-pull inflation
• G)economic base
• H)employment multiplier
• I)Federal Reserve Board
• J)long-run demand
• K)monetary inflation
• L)monetize the debt
• M)primary industry
• N)real
• O)real-cost inflation
• P)secondary industry
• Q)service industry
• R)short-run demand
• S)supply
• T)vulnerability

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Definitions:

Monthly Rate

The interest rate or any other rate measured over the period of one month, often expressed as a percentage per month.

Principal

The person (client) for whom a service is performed. Amount that is borrowed using credit.

Second Mortgage

A type of subordinate mortgage made while an original mortgage is still in effect, securing the collateral by the same property.

Amortized Loan

A loan with scheduled periodic payments that cover both interest and principal over a specific time period.